What Is Self Storage?

What Is Self Storage?

Self storage (a shorthand for "self-service storage", and also known as "mini storage")...

…is an industry in which storage space (such as rooms, lockers, containers, and/or outdoor space), also known as “storage units” are rented to tenants. They are usually rented on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals. .

Who are they good for?

Self-storage facilities rent space on a short-term basis. This is often month-to-month, though options for longer-term leases are usually available to individuals. A person would use these units for storing household goods. Nearly all authorities ban the space from being used as a residence. Businesses use them to store excess inventory or archived records. Some facilities offer boxes, locks, and packaging supplies for sale to assist tenants in packing and safekeeping their goods. They may also offer truck rentals (or may allow free use of a truck for a new tenant).

Facilities vary in size, quality, construction, materials, and surveillance measures, and added services may include:

10,000 square feet to an excess of 100,000 square feet.

Automatic gates with keypad computerized access.

Wide range of standard sizes - 5' x 5' to 10' x 30' or larger with the average unit size being about 100 square feet (10x10).Outside parking for RV’s, boats, etc.

Surveillance cameras and monitoring stations.

Single and/or multi-level facilities.

Individual door alarms.

Resident Manager apartment on-site.

Well lighted.

Converted buildings (old supermarkets, big box retail warehouses, etc.).

Completely fenced.

Units divided by corrugated steel panels (most widely used), chain-link fencing, plywood upon stud and drywall or stud and particle board.

Paved or concrete driveways.

Movable module units (storage containers).

Retail merchandise available.

Ancillary income sources (e.g. cell towers, US Postal service, private mailboxes, EBay, overnight shipping, business centers, utility payments, etc.).

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